Many companies depend on patents to protect their creations. Making a mistake while filing the patent could be disastrous for their company. However, mistakes do happen. Here are the five most common patent application mistakes to avoid: Waiting too long … Continue reading
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Litigation Strategies Should Include Settlement
Many lawsuits are settled before they ever enter a courtroom. That’s why when planning a litigation strategy, a settlement strategy should also be planned. InnovaCounsel helps their clients with this through dispute resolution, litigation strategy and management. When creating a … Continue reading
When to Use an Employment Contract
Employment contracts, similar to consulting contracts, set forth the terms of the relationship between employer and employee. These contracts aren’t always common but there are some situations where they should be used. These contracts should address many aspects such as: … Continue reading
Terminating a Consulting Contract
Sometimes consulting agreements don’t work out the way the company envisioned. It might not have worked out because of poor performance, financial reasons, or another factor. In any event, terminating a consulting contract can get messy if done in the … Continue reading
Seeking Venture Capital
When a start-up or new business cannot access funding from traditional sources due to size, assets, or their stage of development, they often turn to venture capital investments. These investments are usually made as cash in exchange for shares and … Continue reading
Drafting a Purchase and Sales Contract
A purchase and sales agreement relating to a business or company usually deals with selling said entity. Whether on the buying or selling end, knowing what to expect from these agreements is important. A purchase and sales agreement is the … Continue reading
Protecting Trade Secrets
While patents are protected through registration and documentation, trade secrets are protected without any procedural formalities. Trade secrets can be protected for an unlimited amount of time, however. There are conditions the information has to meet to be considered a … Continue reading
Common Legal Issues for Small Businesses
Being a business owner can be difficult and stressful. One of the last items owners tend to think about when starting a company are potential legal issues. However, glazing over these possible issues can get business owners into a lot … Continue reading
Building Strategic Alliances
When businesses work together on a project or create a joint venture, they need to create a strategic alliance agreement to solidify and outline the terms of the agreement. These contracts can be complex and include a variety of partnership … Continue reading
Consulting Contracts
Sometimes companies are in need of a consultant to provide professional advice on a project. When creating a consulting contract, it should include certain requirements such as: An offer The acceptance Valid consideration Mutual asset A legal purpose Including these … Continue reading